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FIRST AND ONLY QUALIFYING RECOGNISED OVERSEAS PENSION SCHEME (QROPS) PROVIDER IN AFRICA OUTSIDE SOUTH AFRICA
FUNDS UNDER MANAGEMENT
OVER KSH 30 BILLION
OUR ASSET BASE
OVER KSH 40 BILLION
OUR TOTAL LIFE FUND
OVER KSH 39 BILLION
ICEA LION Group is a one-stop-shop financial services provider offering innovative products and services in insurance, pensions, investments and trusts. The Group is a member of the First Chartered Securities Group (FCS), a leading regional investment and trading group controlling major business enterprises in diverse sectors of the economy such as banking, insurance, logistics, manufacturing and agriculture.
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QROPS, or Qualifying Recognised Overseas Pension Scheme, is a way to transfer UK pension funds overseas without incurring a UK tax charge.
To accept a pension fund transfer from the UK, the pension scheme has to qualify and be recognized by HMRC (Her Majesty’s Revenue & Customs) and be included in their QROPS list.
QROPS, or Qualifying Recognised Overseas Pension Scheme, is a way to transfer UK pension funds overseas without incurring a UK tax charge.
To be able to accept a pension fund transfer from the UK, the pension scheme has to qualify and be recognized by HMRC (Her Majesty’s Revenue & Customs) and included on their QROPS list.
Yes; our registration number is 900496. We are pleased to be the first and only QROPS provider in Africa outside South Africa. Please click here to view the global listing:
1. Fill in our application form to open a retirement account for crediting your funds.
2. Complete HM Revenue & Customs member information (form APSS263) and the standard transfer option forms from your current scheme.
QROPS funds are not subject to UK tax charges on income and death benefits. The investment rate of return is much higher than in the UK and is guaranteed. Your funds will also be at home giving you closer monitoring opportunities.
QROPS jurisdictions and providers are highly regulated by HMRC and have to be monitored and report to local regulators and HMRC.
Anyone over the age of 18 with a UK pension fund can utilize QROPS.
Tax will only be applicable on the investment income earned by the funds.
Yes; there is no requirement to leave the UK to be eligible for a QROPS.
If you return to the UK, you will fall back under UK rules and be liable to pay UK tax again. The QROPS can be maintained even if you return to the UK.
It is possible to transfer any UK pension scheme to a QROPS provided that an annuity has not been purchased.
No. There is no individual fund value available for transfer, hence it cannot be transferred.
Yes. Once you transfer your funds, you can make additional voluntary contributions to your account.
Pension benefits arising from UK tax relieved funds must be payable no earlier than they would have been under the UK registered pension scheme rules. Therefore, the retirement age of your former scheme will still apply to access the benefits unless you opt for early retirement. The benefits will be paid out either as lump sum, income drawdown or annuity.
Rates credited depend on investment performance. Historically, the returns have been above 10% during the last five years.
By completing our application form to join and opening an account. Thereafter you request your UK Scheme to transfer your credit.
Contact us for more info on: 0719 071 677 or email us at ukpensions@ICEALION.com
In pension or in person, come on home and unshackle your future today!
Call our dedicated team on 0719 071 677 or email us on ukpensions@icealion.com
